494 Beechboro Road North, Beechboro, WA, 6063, Australia

Welcome to this excellent three-bedroom, one-bathroom, brick and tile home built in 1988. With a large 700m block size and zoning of 20/50, this home holds a lot of potential and could be subdivided into two lots (subject to council approval). The back yard is already largely free from other items (i.e. no sheds or trees to remove), with this wide space ready for your development. If you are not looking to develop right now, this is a good one to hold on to with a current tenancy in place to provide immediate investment. The tenant is currently in a fixed term lease until September 2024, paying $430 per week. Market Rent for the property is approximately $550 - $580 per week.

With a floor space of 110 square metres, the home itself has a lot to offer, and is presented well. Fully fenced, with lots of driveway space, a gate to the backyard, and plenty of modern features inside of the home, as well as a patio to the backyard, there is plenty to enjoy at this home!

Property Highlights of this delightful home include:
- Three-bedroom, one-bathroom home built in 1988
- Internal floorspace of 110 square metres
- Total block size of 700 square metres, zoned R20/50, potential for two lots subject to approvals
- Fully fenced exterior
- Side gate access to the rear
- Split system A/C to living area
- Mirrored BIR to the main bedroom
- Roller shutters to the front windows
- Dishwasher space in kitchen
- Garden beds to the front of the property

Investor Summary:
- This house is currently tenanted on a fixed term lease until October at $430 per week
- Market rent for 494 Beechboro Road North is approximately $550 - $580 per week.
- Using a purchase price of $649,000 and market rent, we have an estimated gross annual rental yield of 4.42%.
- HouseSmart is highly active in Beechboro and surrounding areas - with an office right nearby the property, and can provide Property Management Services throughout the course of the sale and beyond.

To the front of the property are garden beds, to put down some greenery or native vegetation, or extend the lawn. There is a rendered wall to the front for privacy, and the rear of the home is fully fenced, with a side gate in the carport to access the backyard. The driveway provides plenty of parking space, and there is a single car carport. Next to the carport is an area large enough to construct into a drive-through access to a rear property (subject to council approval).

Continuing on the outside of the property, to the backyard there is a vast space that holds potential for a future property. Being zoned R20/50, this could allow for another property to be built at the back, or knock down the front property and built two new houses. The current house is presented in a state well enough to retain, so if you are not ready to develop, you can continue to rent it out instead!

To the interior of the home, there are three good sized bedrooms to utilise. These are all carpeted and have built in robes, with the master bedroom featuring mirrored built in robes. The front windows of the property include roller shutters, to block out light and also provides an extra level of security.

The dining area to the home features a split system air conditioner, keeping the place cool in the summer. There are well-placed windows throughout, allowing good natural lighting. A sliding door from the dining area provides access to the patio. This dining area is quite large and there is more than enough space to put some bookshelves, a study desk, or extra TV. There is also a living room to the front, which gives a comfortable area to relax in, lie back and watch your favourite moves with family or friends.

This property is situated only approximately 25 minutes from Perth CBD, and has good access links to Tonkin Hwy North and South directions. For closer shopping, there is a small supermarket less than 200m away, as well as Coles Beechboro only 1KM away. Cafe's, restaurants and other food outlets are very close by. There are good public transport options along Beechboro Road North, with a bus stop next to the property. As for schooling options, there is a wide range. John Septimius Roe Anglican College is only 600m away, Beechboro Primary School at 1.8km, West Beechboro Primary School at 1.5km, Kiara College at 4.5km, and Hampton Senior High School at 2.7km.

Council Rates: Approximately $1,700 per year
Water Rates: Approximately $900 per year
Approximate Market Rent: $550 - $580 per week